Translating Corporate Speak: Hang Fung Gold Technology

by Mr Juggles

Lam Sai-wing is the head of Hang Fung Gold Technology, a retail jewelry company based out of Hong Kong, famous for its Swisshorn Gold Palace. The WSJ caught up with him to talk about his golden romper room.

Corporate speak:

Building a gold toilet, I realized…would be like an investment, plus we could let people see it for an admission fee, and we could use it to launch our brand. [Besides gold prices were so low they could only go up; buying gold at $200 an ounce would hedge against inflation]

-Lam Sai-wing

Translation:

This was the perfect way for me to stoke my ego plus it was a sizable risky speculation in a commodity which, as a retail jewelry business, is not what we should be doing — another reason it was a great idea! I knew that if gold went up, I would look like a genius and likely get a nod from the Wall Street Journal who eats up these zany stories; if gold went down or stayed the same, I would look like the guy with the crazy big ego but I’d still be rocking a gilded room. A classic win-win situation for me, win-lose for the shareholders. It’s all in the game.

Corporate speak:

The toilet and the Guan Yin statue are the most valuable pieces[.] As for the toilet, that’s the cornerstone of our company[.] It’s an icon. It will never be taken apart.

-Lam Sai-wing

Translation:

As for the toilet, that’s my throne. It will be taken apart if the price is right.

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